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70 Fintechs Founded by African Americans
It’s the first day of Black History Month, and this year’s theme is Resistance. We’ll be serving up related coverage all month, and today’s piece sets the scene. In an effort to highlight Black...
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Zopa Raises $92 Million for its Digital Bank
U.K.-based digital bank Zopa landed $92 million from existing investors IAG Silverstripe, Uprising, and Augmentum.The funding, which “cements and enhances” the company’s unicorn status, brings Zopa’s...
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SEON Acquires Complytron to Further Fight Fraud
Fraud prevention fintech SEON has acquired anti-money laundering (AML) due diligence software company Complytron in a deal today.SEON is leveraging Complytron’s expertise to launch a new AML API,...
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Listerhill Credit Union Taps Glia for Digital Customer Service
When every year is declared the year of the customer, it means more firms are motivated to upgrade their customer service technology. That may be why Listerhill Credit Union selected digital customer...
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Oracle Launches Cloud Banking Services
Oracle launched Banking Cloud Services, a suite of six services to help banks modernize their offerings.Banks can mix and match the services and use them as standalone capabilities or incorporate them...
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Canoe Intelligence Raises $25 Million
Canoe received $25 million for its alternative investment intelligence platform.The Series B round was led by F-Prime Capital with participation from Eight Roads Ventures and others. Canoe will use...
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Finzly’s New API Offers Access to FedNow Payment Rails
Finzly has released an API connection to the U.S. FedNow Service.The API enables developers to test out the new set of payment rails in a sandbox environment.FedNow, the U.S. Federal Reserve’s...
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Tazapay Raises $16.9 Million for Cross-Border Payments
Cross-border payments company Tazapay raised $16.9 million in Series A funding.The investment, which brings the company’s total funding to $21.9 million, was led by Sequoia Capital Southeast...
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Visa Partnership Fuels Wirex Crypto Card Issuance
Wirex deepened its partnership with Visa.The new agreement enables Wirex to issue its crypto debit and prepaid cards to more than 40 countries.The company is working on finalizing another partnership...
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Checking in on Fintech in Africa
Fintech in Africa has experienced a growth spurt in recent years. Last month, investment banking firm FT Partners took a deeper look into the state of fintech in Africa in a report titled Fintech In...
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FIS Breaks Off Merchant Solutions, Plans to Restore Worldpay Brand
FIS is letting go of its Merchant Solutions business, along with the Worldpay brand, which it originally acquired for $34 billion in 2019. The company states that Worldpay needs a different capital...
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PhonePe Raises $100 Million at $12 Billion Valuation
PhonePe raised $100 million in funding from Ribbit Capital, Tiger Global, and TVS Capital Funds, bringing its total funding to $2.2 billion.The investment values the company at $12 billion.PhonePe...
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Market Data Firm QUODD Acquires Competitor Xignite
QUODD has agreed to acquire fellow market data company Xignite.Combined, the two companies will serve more than 2,200 firms, ranging from large banks and wealth management platforms to smaller digital...
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Payoneer Earns E-Money License from the U.K.’s FCA
Payoneer received its e-money license from the U.K. Financial Conduct Authority.The license will enable the digital commerce company to continue serving its U.K.-based customers.Having earned the...
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Mizuho International Taps SymphonyAI to Bolster AML
Mizuho International selected SymphonyAI’s Sensa to enhance AML detection within its European Capital Markets Division.Sensa’s machine learning models– including changes in behavior, risk...
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TransUnion Rebrands Business Solutions
TransUnion’s business solutions are getting a fresh start this week with a new look. The global information and insights company has rebranded its lines of business solutions in the U.S., organizing...
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Globalization Partners Taps Wise to Lower the Cost of Global Contractor Payments
International hiring and employment platform Global Partners (G-P) has tapped cross-border money transfer company Wise for its payment tools.Under the agreement, G-P will embed Wise’s international...
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finway Raises $10 Million for its Business Financial Management Tool
Business financial management (BFM) company finway received $10 million in Series A funding.The investment, which was led by Capital 49, brings the Germany-based company’s total funds to $12.6...
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Pinwheel CEO Kurt Lin on the Impact of the CFPB on Open Finance
The U.S. is still in the early stages of implementing open banking, but the conversation is well underway. Kurt Lin, CEO and co-founder of Pinwheel, is an industry expert who has spent his career...
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Western Union Taps Beforepay for Send Now, Pay Later
Western Union and Beforepay announced a partnership that will enable Australians to pay for money transfers in installments after the money has been sent.Called Send Now, Pay Later, the tool enables...
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